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does the federal government take over the private economy? how do you deal with that in system cap list particular system where competition drives wages? >> well, again, its long term problem has been going on since the '70s. we have been through we are still in recession. technically we are out of recession but we're in difficult times as a result of the housing crisis, most people lost 40% of their wealth. obviously, african-americans have been hit hard with this. there is no doubt about that. on the upside we're starting to come out of it. economic numbers are looking better and healthcare costs are better and we will have a bunch of clean source of energy on online. we have some things.... >> bill: you are avoiding my question. what is the solution to the wages? look, the obama administration wants to control the private economy, the marketplace. they are doing a lot of things to make the marketplace responsible to washington, not to competition. so is that the right way to go, or do you allow the free marketplace to take it where it want
does the federal government take over the private economy? how do you deal with that in system cap list particular system where competition drives wages? >> well, again, its long term problem has been going on since the '70s. we have been through we are still in recession. technically we are out of recession but we're in difficult times as a result of the housing crisis, most people lost 40% of their wealth. obviously, african-americans have been hit hard with this. there is no doubt...
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Feb 20, 2013
02/13
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they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an abstraction. people will lose their jobs. >> so there are two solutions. number one, lawmakers find another way to punt, ie, delay the cuts for another few months or two, actually come up with a major plan to slash the debt. number two is not going to happen. the punt, i kind of like. anyway, that won't happen. number one has a decent chance. number one has failed, too. after all, the feared forced cuts are only 2.5% of projected total federal spending. we have an economics professor at nyu and former director of the congressional budget office. at this point, are the cuts inevitable? why is the president still talking about it? >> well, we're ten days away and it seems like the republicans really don't want to do anything to fend off this crisis. you said sequester is an odd word. in a lot of languages, it means kidnap. it's sort of a kidnap situation because the economy is kidnapped, fearing t
they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an abstraction. people will lose their jobs. >> so there are two solutions. number one, lawmakers find another way to punt, ie, delay the cuts for another few months or two, actually come up with a major plan to slash the debt. number two is not going to happen. the punt, i kind of like. anyway, that won't happen. number one has a decent chance. number one has failed, too....
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Feb 20, 2013
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moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: a u.s. security firm charged today there's an all-out effort to break into computer systems in the u.s. and elsewhere. the report laid out an extensive case against china and its military. the newest allegations of cyber attacks by the chinese government came up at the white house today. reporters asked spokesman jay carney about a study that blames china's military for a large-scale years-long hacking campaign. >> we have repeatedly raised our concerns at the highest levels about cyber attacks with senior chinese officials, including in the military, and we will continue
moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: a u.s. security firm...
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Feb 20, 2013
02/13
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they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an and traction. people will lose their jobs. the unemployment rate might tick up again. >> pelley: mr. obama wants more tax revenue. the republicans say no and each side said it's up to the other to give in. major garrett is at the white house for us tonight. major, what next? >> well, the continued effort by the white house scott to apply public pressure on republicans to relent. this will be done in public to events like we saw today. it's already been done privately. top government officials are warning businesses they could be harmed by these looming spending cuts. here's one example we've learned. last friday top officials at the agriculture department warned meat and poultry producers that there might not be enough federal inspectors to keep their processing plants open and operating. these are designed to motivate businesses to plead with republicans to find another way. for now republicans
they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an and traction. people will lose their jobs. the unemployment rate might tick up again. >> pelley: mr. obama wants more tax revenue. the republicans say no and each side said it's up to the other to give in. major garrett is at the white house for us tonight. major, what next? >> well, the continued effort by the white house scott to apply public pressure on...
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Feb 20, 2013
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>> todd is right that intellectual property is very important part of our economy. on the other hand, there's a lot of questions that have been raised in recent years about whether it is working well and whether it is creating too many monopolies, whether we have a good grasp on system and can balance the different values that are also in our system or whether intellectual property should have something of an absolute nature to it which is the direction that we've been moving in. it's kind of a scary direction. >> suarez: why would being able to protect your invention being b anti-competitive. aren't other agricultural companies free to develop a competitor to monsanto's soybean seat? >> well, you should be able to protect an invention. the question is how far? whach is the scope? that's what the court is being asked to talk about. what is the use in this case? what is making? what is the difference? and when we get to self-replicating technologies-- whatever that ends up meaning, it could mean a lot of things in the future, but the question is where to draw the lin
>> todd is right that intellectual property is very important part of our economy. on the other hand, there's a lot of questions that have been raised in recent years about whether it is working well and whether it is creating too many monopolies, whether we have a good grasp on system and can balance the different values that are also in our system or whether intellectual property should have something of an absolute nature to it which is the direction that we've been moving in. it's...
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. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. wr wr skwi wr. >>> joe carter has this morning's bleacher report. good morning. >> for the past five weeks, when a school earns the right to be number one in college basketball, they lose the ranking in the same week because they lose to a lesser opponent. number one indiana and victor olo oladipo to victory. magic johnson, part of the broadcast team, compared oladipo to michael jordan and dwyane wade. for the first time in 22 years, indiana beats michigan state on the road. >>> boy, oh, boy. joe johnson the hero for the brooklyn nets last night. he hit not one, but two shots to help his team win in overtime again. that three-pointer forced overtime and then back to john in overtime. he nails this shot for the ball game. the nets, 5-0 in overtime. nba best 10-0 in overtime last season. >>> a bet a bar bet started this this drummond, wisconsin. makeshift barstools race in the snow. use anything around the house you can find, attach it to a bar school a
. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. wr wr skwi wr. >>> joe carter has this morning's bleacher report. good morning. >> for the past five weeks, when a school earns the right to be number one in college basketball, they lose the ranking in the same week because they lose to a lesser opponent. number one indiana and victor olo oladipo to victory. magic johnson, part of the broadcast team,...